- By Aditya Pratap Singh
- Thu, 30 Apr 2026 04:20 PM (IST)
- Source:JND
Why the Stock Market Fell Today: The domestic equity indices settled sharply lower on Thursday after having a volatile session due to broad-based selling momentum. BSE Sensex closed 582.86 points or 0.75 per cent lower to 76,913.50, while Nifty50 ended the session at 23,997.55, down 180.10 points or 0.74 per cent.
The 30-share BSE Index started the session over 450 points lower at 77,014.21 as compared to the last day's closing of 77,496.36. The index extended the losing momentum further to touch an intraday low at 76,258.86, down 1,237 points from last day's closing amid broad-based selling.
Reasons Behind the Stock Market Decline Today
Crude Price Rally
The sharp rise in crude prices dragged the market sentiment. Brent Crude, the global benchmark index, traded over $120 per barrel for the first time since 2022. The decline in Brent price gave some relief to the market in the later hour. Last seen, Brent Crude was quoted at the level of $116 per barrel. During the day, it rose to over $124 per barrel.
"Brent crude crossed the $120 per barrel mark for the first time in four years, intensifying inflation concerns and pressuring global risk assets. In India, rising oil prices weighed on the INR and revived worries about capital outflows and widening deficits, given the economy’s heavy reliance on crude imports," said Vinod Nair, Head of Research, Geojit Investments Limited.
Weak Global Cues
Major Asian markets, including South Korea's benchmark Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng index, ended over 1 per cent lower.
In early trade, European markets were trading mixed. US markets ended mostly lower on Wednesday.
Massive Selling In Auto, Metals, and Real Estate Sectors
The sell-off in auto, real estate, metal, and banking stocks dragged the market sentiment. Nifty Bank fell nearly 1 per cent, and Nifty Auto settled 0.6 per cent lower.
"Domestically, autos, banks, metals, and real estate led the decline, while IT and pharma saw selective defensive buying. A mild recovery toward the end of the session offered limited respite, and overall sentiment remained cautious ahead of the extended holiday weekend," Nair noted.
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Top Losers And Gainers
Eternal, Hindustan Unilever, Tata Steel, L&T, Trent, Ultratech Cement, Mahindra And Mahindra, SBI, Axis Bank, BEL, ICICI Bank, Titan, Bajaj FinServ and Indigo were the losers from the Sensex basket. Sun Pharma, Infosys, Adani Ports, Tech Mahindra, Bajaj Finance, and Kotak Bank settled in green.